NOTICE OF PUBLIC AUCTION SALE OF LANDS FOR ARREARS OF TAXES TOWN OF GRAND RAPIDS Pursuant to subsection 367(7) of The Municipal Act, notice is hereby given that unless the tax arrears for the designated year and costs in respect of the hereinafter described properties are paid in full to the Municipality prior to the commencement of the auction, the Municipality will on the 3rd day of March, 2015, at the hour of 1:00 PM, at the office of the Town of Grand Rapids, 200 Grand Rapids Drive, Grand Rapids, Manitoba, proceed to sell by public auction the following described properties: The tax sale is subject to the following terms and conditions with respect to each property: •The purchaser of the property will be responsible for any property taxes not yet due. •The Municipality may exercise its right to set a reserve bid in the amount of the arrears and costs. •If the purchaser intends to bid by proxy, a letter of authorization form must be presented prior to the start of the auction. •The Municipality makes no representations or warranties whatsoever concerning the properties being sold. •The successful purchaser must, at the time of the sale, make payment in cash, certified cheque or bank draft to the Town of Grand Rapids as follows: i) The full purchase price if it is $5,000 or less; OR ii) If the purchase price is greater than $5,000, the purchaser must provide a non-refundable deposit in the amount of $5,000 and the balance of the purchase price must be paid within 20 days of the sale. The risk for the property lies with the purchaser immediately following the auction. •The purchaser is responsible for obtaining vacant possession. •If the property is non-residential property, the purchaser must pay GST to the Municipality or, if a GST registrant, provide a GST Declaration. •The purchaser will be responsible for registering the transfer of title in the land titles office, including the registration fees. Dated this 21st day of January, 2015. Managed by: Karen Turner Chief Administrative Officer Town of Grand Rapids Phone: (204) 639-2260 Fax: (204) 639-2475
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